Veritone, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Investments All Other Investments [Abstract]

The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As of March 31, 2023, the Company’s cash and cash equivalents were as follows:


			Gross				Cash and
			Unrealized		Fair		Cash
	Cost		Losses		Value		Equivalents
Cash	$	138,655	$	—	$	138,655	$	138,655
Level 1:
Money market funds		1,052		—		1,052		1,052
Total	$	139,707	$	—	$	139,707	$	139,707

As of December 31, 2022, the Company’s cash and cash equivalents balances were as follows:


			Gross				Cash and
			Unrealized		Fair		Cash
	Cost		Losses		Value		Equivalents
Cash	$	183,381	$	—	$	183,381	$	183,381
Level 1:
Money market funds		1,042		—		1,042		1,042
Total	$	184,423	$	—	$	184,423	$	184,423

Schedule of Contingent Consideration Liabilities Current and Non-current Balances

As of March 31, 2023, the Company’s contingent consideration liabilities current and non-current balances were as follows:


			Changes in			Amount Paid			Reclass from Non-current to			Fair
	Cost		Fair Value			To Date			Current			Value
Level 3:
Contingent consideration, current	$	18,128	$	(9,979	)	$	(29,343	)	$	21,384		$	190
Contingent consideration, non-current		21,384		—			—			(21,384	)		—
Total	$	39,512	$	(9,979	)	$	(29,343	)	$	—		$	190

As of December 31, 2022, the Company’s contingent consideration liabilities current and non-current balances were as follows:


			Changes in			Amount Paid			Reclass from Non-current to			Fair
	Cost		Fair Value			To Date			Current			Value
Level 3:
Contingent consideration, current	$	18,128	$	(10,629	)	$	(20,816	)	$	21,384		$	8,067
Contingent consideration, non-current		21,384		—			—			(21,384	)		—
Total	$	39,512	$	(10,629	)	$	(20,816	)	$	—		$	8,067